The Scottish government is planning to sell bonds for the first time, but investors warn that it would face higher borrowing costs than those paid by the UK.

Proposals are still subject to due diligence assessments but the issuance, which is designed to fund “vital infrastructure” including affordable housing, is scheduled before the current parliamentary term concludes in 2026.

The plans to issue Scottish bonds, long nicknamed “kilts”, has been characterised by first minister Humza Yousaf as a way of building credibility in a push for independence.

Want to see more SNP fails? – Health Matters